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Earnings Per Share (EPS) and Dividends (Tables)
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Basic And Diluted Earnings Per Share Computation
The following table shows the effect of these stock options, performance units and restricted stock units on the weighted average number of shares outstanding used in calculating diluted EPS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
 
2016
 
2015
 
2016
 
2015
 
 
 
Basic
 
Diluted
 
Basic
 
Diluted
 
Basic
 
Diluted
 
Basic
 
Diluted
 
 
EPS Numerator (Millions):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income
$
327

 
$
327

 
$
439

 
$
439

 
$
985

 
$
985

 
$
1,370

 
$
1,370

 
 
EPS Denominator (Millions):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted Average Common Shares Outstanding
505

 
505

 
505

 
505

 
505

 
505

 
505

 
505

 
 
Effect of Stock Based Compensation Awards

 
3

 

 
3

 

 
3

 

 
3

 
 
Total Shares
505

 
508

 
505

 
508

 
505

 
508

 
505

 
508

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
EPS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income
$
0.65

 
$
0.64

 
$
0.87

 
$
0.87

 
$
1.95

 
$
1.94

 
$
2.71

 
$
2.70

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
There were approximately 0.4 million stock options excluded from the weighted average common shares used for diluted EPS due to their antidilutive effect for the three months
Dividend Payments On Common Stock
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
 
September 30,
 
September 30,
 
 
Dividend Payments on Common Stock
2016
 
2015
 
2016
 
2015
 
 
Per Share
$
0.41

 
$
0.39

 
$
1.23

 
$
1.17

 
 
In Millions
$
207

 
$
198

 
$
622

 
$
592